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Production concept, Managerial economics. Table I. Complete the following production table for textile production. Write down the formula. Thank you PRODUCTION CONCEPT I. LONG RUN

Production concept, Managerial economics. Table I. Complete the following production table for textile production. Write down the formula. Thank you

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PRODUCTION CONCEPT I. LONG RUN OR SHORT RUN 1.A) A brewery company plans to increase in production of beer by rendering overtime work of its employee without increasing its production site B) A brewery company wants to increase it production of beer by rendering overtime work and along with the purchase of new equipment.. 2. A] Hospital ABC wants to increase its health care services by purchasing additional equipment and expanding its bed capacity._ B Hospital ABC wants to increase its health care services by expanding its bed capacity without purchasing additional equipment 3. A) A garment factory wants to increase its production by purchasing additional sewing machine and hires additional sewers. B) A garment factory wants to increase its production by hiring additional sewer without buying additional sewing machine. Complete the following production table for textile production. Write down the formula Total Fixed variable Marginal Product Input Input Product (TP [FI) (VI] [MP] 10 10 10 20 10 30 280 40 450 10 50 500 10 60

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